Monthly Archives: September 2011

Renovating for Capital Gain

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Renovating a property is a popular past time, especially for owner occupiers.

It is also popular for investors as making a property more liveable and with extra facilities can add value and command a higher rent.

In this article we will look at renovating for capital gain, but under the assumptions that we have a house that will be rented to tenants for a few years and therefore we will not sell it off after the renovations.

Choosing a Lender for Your Investment Property

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When you are ready to start looking for your next investment property, you will most likely also be ready to start evaluating loan options for the purchase.

Whether you use a mortgage broker or not, it is still useful to research what possible loans will be available for your purpose.

It’s also wise to have your finance organised before making offers on a property.  If you already have a few properties with loans, you may be comfortable with sticking to your existing lender, especially if they already know your financial situation and can offer up the finance easily.

NSW to Remove Stamp Duty Discount

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The new Liberal government of NSW, led by Premier Barry O’Farrell, recently released their first budget for the state of NSW.  As part of cutting spending to help fund long promised infrastructure, the state treasurer Mike Baird has ditched stamp duty concessions for first home buyers of established properties.

Buying Investment Property in Melbourne

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 Melbourne is the capital of Victoria, Australia located in the south eastern tip of the continent on Port Phillip Bay.  It is the second largest city in Australia with a population of around 4.1 million, about half a million less than Sydney.

Melbourne consists of inner city suburbs such as Carlton, St. Kilda, Richmond, Brunswick and Collingwood.

Moving further out into the suburbs we see Sunshine, Broadmeadows, Frankston, Dandenong, Werribee and Glen Waverley.